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3 years ago

In the sales comparison approach, how is the appropriate unit of comparison chosen?

Business

1 answer:

kirill115 [55]3 years ago

5 0

Answer:

c. It depends on the appraisal problem. The appraiser should apply all appropriate units of comparison, explain differences in wide variation in the results, and choose the most reliable unit.

Explanation:

The three (3) main methods used for the valuation or appraisal of real-estate properties are;

I. Income approach.

II. Cost approach.

III. Sales comparison approach.

A sales comparison approach can be defined as a real-estate appraisal technique that is typically based on comparing a property to other recently sold real-estate properties with similar characteristics. Thus, this appraisal method or technique requires that the real-estate property being appraised should be in current use and fall within the same area or locality as the other recently sold real-estate properties.

In the sales comparison approach, the appraised property should mimic the market behavior of other real-estate properties sold recently.

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If you want to compare your qualifications to an employers requirements, a t-letter is the best cover letter format to use. plea

Romashka-Z-Leto [24]

Yes it’s true, If you want to compare your qualifications to an employer's requirements, a T-letter is the best cover letter format to use.

<h3>What is a cover letter? </h3>

It is a form of an application that goes along with an applicant’s resume.
It contains information about why you should be selected and where you got the information about the vacancy from.
It must not contain any unnecessary information like your need for the job.
It should not be extremely long and it should tell why a person is deserving of the role that they have applied for.
A T-format cover letter uses a tool to divide the letter into two parts. It is best to compare your qualifications to an employer's requirements.

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8 0

2 years ago

Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount

Ainat [17]

The break even units is 20,000 units

<u>Explanation:</u>

<u>Firstly, the break even units needds to be calculated and is as follows:</u>

Selling price per unit = $50.00

variable costs = $30.00

Contribution Margin per unit = $20.00

BEP units = Fixed cost by contribution margin per unit

Fixed overhead = $400000

Contribution margin = $20

BEP = 20000 units

where : BEP = Break even units

Therefore, the break even units will be at 20000 units.

As per the given options in the question, the option C is the correct option.

3 0

3 years ago

On June 10, Pais Company purchased $9,000 of merchandise from McGiver Company, terms 3/10, n/30. Pais Company pays the freight c

elena-s [515]

Answer:

A. Books of Pais Company

June 10

Dr Merchandise inventory $9,000

Cr Accounts payable $9,000

June 11

Dr Merchandise inventory $400

Cr Cash $400

June 12

Dr Accounts payable $600

Cr Merchandise inventory $600

On June 19

Dr Account payable 8,400

Cr Cash 8,148

Cr Merchandise inventory 252

B. Books of McGiver Company

June 10

Dr Accounts receivable $9,000

Cr Sales $9,000

Dr Cost of Goods Sold $5,000

Cr Merchandise inventory $5,000

On June 11

No entry

On June 12

Dr Sales returns & allowances $600

Cr Accounts receivable $600

Dr Merchandise inventory $310

Cr Cost of Goods Sold $310

On June 19

Dr Cash 8,148

Dr Sales discounts 252

Cr Accounts receivable 8,400

Explanation:

A. Preparation of the entries on the books of Pais Company.

June 10

Dr Merchandise inventory $9,000

Cr Accounts payable $9,000

June 11

Dr Merchandise inventory $400

Cr Cash $400

June 12

Dr Accounts payable $600

Cr Merchandise inventory $600

On June 19

Dr Account payable 8,400

($9,000 - $600)

Cr Cash 8,148

(8,400 x 97%)

Cr Merchandise inventory 252

(8,400 x 3%)

B. Preparation of the entries on the books of McGiver Company

June 10

Dr Accounts receivable $9,000

Cr Sales $9,000

Dr Cost of Goods Sold $5,000

Cr Merchandise inventory $5,000

On June 11

No entry is needed in McGiver Company books

On June 12

Dr Sales returns & allowances $600

Cr Accounts receivable$600

Dr Merchandise inventory$310

Cr Cost of Goods Sold$310

On June 19

Dr Cash 8,148

(8,400 x 97%)

Dr Sales discounts 252

(8,400 x 3%)

Cr Accounts receivable 8,400

(8,148+252)

5 0

3 years ago

Cody Mountain Sports is an outdoor sporting goods guiding service located in northern Wyoming. Cody Mountain Sports (CMS) primar

saveliy_v [14]

Answer:

Cody Mountain Sports (CMS)

T-accounts:

Cash

Date Account Titles Debit Credit

Mar. 1 Common Stock $100,000

Mar. 1 Prepaid Insurance $1,200

Mar. 4 Service Revenue 20,000

Mar. 19 Vehicle Expenses 1,000

Mar. 22 Accounts Receivable 3,000

Mar. 24 Rent Expense 4,000

Mar. 27 Salaries Payable 1,000

Mar. 31 Cash dividends 2,500

Accounts Receivable

Date Account Titles Debit Credit

Mar. 15 Service Revenue $3,000

Mar. 22 Cash $3,000

Prepaid Insurance

Date Account Titles Debit Credit

Mar. 1 Cash $1,200

Salaries Payable

Date Account Titles Debit Credit

Mar. 18 Salaries Expense $10,000

Mar. 27 Cash $1,000

Common Stock

Date Account Titles Debit Credit

Mar. 1 Cash $100,000

Service Revenue

Date Account Titles Debit Credit

Mar. 4 Cash $20,000

Mar. 15 Accounts Receivable 3,000

Salaries Expense

Date Account Titles Debit Credit

Mar. 18 Salaries Payable $10,000

Vehicle Expense

Date Account Titles Debit Credit

Mar. 19 Cash $1,000

Rent Expense

Date Account Titles Debit Credit

Mar. 24 Cash $4,000

Cash Dividends

Date Account Titles Debit Credit

Mar. 31 Cash $2,500

Explanation:

a) Data and Analysis:

Mar. 1 Cash $100,000 Common Stock $100,000

Mar. 1 Prepaid Insurance $1,200 Cash $1,200

Mar. 4 Cash $20,000 Service Revenue $20,000

Mar. 15 Accounts Receivable $3,000 Service Revenue $3,000

Mar. 18 Salaries Expense $10,000 Salaries Payable $10,000

Mar. 19 Vehicle Expenses $1,000 Cash $1,000

Mar. 22 Cash $3,000 Accounts Receivable $3,000

Mar. 24 Rent Expense $4,000 Cash $4,000

Mar. 27 Salaries Payable $1,000 Cash $1,000

Mar. 31 Cash dividends $2,500 Cash $2,500

6 0

3 years ago

A ticket to an Eric Clapton concert costs $45. If you have a ticket, you can "scalp" it (sell it illegally) for $75. To a ticket

Delvig [45]

Opportunity cost is what you give up to do something

if you go to the concert, you spent $45 dollars but lose the opportunity to sell the ticket

if you sell the ticket illegally, you get $75 at the cost of not seeing the concert

the opportunity cost of attending the concert=75+45=$120
the opportunity cost is 120 dollars

7 0

3 years ago